Gold prices fall for second consecutive day
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Gold prices have declined for the second consecutive day in Pakistan, with the price of one tola of gold falling by Rs1,000, reaching Rs361,300.
Similarly, the price of 10 grams of gold decreased by Rs857, now priced at Rs309,756.
This decrease is attributed to a decline in the international gold market, which has influenced local rates.
According to investors, global market fluctuations are the primary factor behind the recent price drop.
Spot gold was up 0.4% to $3,395.46 an ounce, as of 1046 GMT. U.S. gold futures fell 0.1% to $3,414.40.
Meanwhile, spot silver was up 1.7% at $36.96 per ounce, platinum rose 1.4% to $1,264.31, while palladium gained 0.1% to $1,030.55.
Yesterday, the price of one tola of gold stood at Rs362,300, reflecting a drop of Rs700, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
The decline was attributed to a reduction in global gold prices, which had fallen by $18 per ounce.
The international market had experienced a downturn, bringing the price of gold to $3,414 per ounce.
Similarly, the price of 10 grams of gold had also decreased by Rs600, reaching Rs310,613.
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